Strategic Initiative

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Novartis disbands its pioneering cell and gene therapy unit

Do you think this event is important to the companies below? How will it affect their stock price?

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High Medium Low
Impact on Stocks
JUNO

25%
NVS

100%
KITE

25%

Additional Information

Additional Relevant Details Novartis confirmed that the 400-member group is being disbanded, with most being “redeployed” to new positions while 120 could be left without a job.That move is a stunner for many in the CAR-T field, especially after all the hoopla at Novartis around its work.


The news hit Kite and Juno as well, though. Shares of Juno dropped 5% Wednesday morning, with Kite down 4%.
http://endpts.com/sc...
Slingshot Insights Explained
Strategic Initiative Date
Announcement Date:
Aug 31, 2016
Projected Implementation:
Q3, 2016
Relevance Tracked Until:
Q1, 2017
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Related Keywords Gene Therapy